Just like for student loan refinancing, you can fill out a simple form and compare offers
from multiple private student loan lenders all at once (without a hard credit check).
Wells Fargo is one such bank where borrowers can combine
multiple private student loans with multiple payments into one loan with a single payment, or refinance a single loan.
With a Wells Fargo Private ConsolidationSM loan, you may be able to
combine multiple private student loans with multiple payments into one loan with a single payment, or refinance a single loan.
If the new loan is used to pay off
multiple private student loans, the result is essentially the same as consolidation, which is one reason why the two terms are often confused.
If you have
multiple private student loans (or even a single loan at a high interest rate), student loan refinancing is your only option.
If you took out
multiple private student loans, consolidating them allows you to make a single payment each month.
If you have
multiple private student loans, it can simplify things to have a single loan to make payments on.
Multiple private student loans can be consolidated in a single one.
One of the cons of they only offer loans up to $ 15,000, which might be less than students need, and might mean that they will have to take out
multiple private student loans from different sources.
If you have
multiple private student loans (or even a single loan at a high interest rate), student loan refinancing is the only option for you.
You would go to the credit union and tell them that you want a loan to pay off
your multiple private student loans.
Consolidators may be able to help you manage debt, if you have
multiple private student loans.